Thursday, 27 July 2017, 3 Zulkaedah 1438H Solat Time:
KL Imsak 5:41 | Subuh 5:51 | Syuruk 7:11 | Zohor 1:23 | Asar 4:45 | Maghrib 7:30 | Isyak 8:44

Outward Bills for Collection


Subject Charges Rate / Amount
1. As per collection
Commission
Local :
0.1% flat on the bill amount + 6% GST:
Foreign:
0.1% flat on the bill amount:
Local Currency:
Min : RM53.00
Max : RM530.00
Foreign Currency:
Min : RM50.00
Max : RM100.00
Charges in lieu of foreign exchange
0.2% flat
Min : RM50.00
Max : RM750.00
2. For free of payment transaction:
0.1% flat on the bill amount + 6% GST
Local Collection (local currency)
Min : RM53.00
Max : RM530.00
Foreign Collection (foreign currency)
Min : RM50.00
Max : RM100.00
SWIFT
Malaysia (Local): RM26.50
Outside (Foreign): RM50.00
Local Collection

 

Postage
Courier
Actual direct cost incurred + 6% GST
Actual direct cost incurred + 6% GST
Foreign Collection
Courier
Actual direct cost incurred
3. Bill dishonored after arrival of goods
Holding Charges
Local :
RM53.00/USD21.20 per month or part thereof if bill remains unpaid for more than 60 days after due date / first presentation.
Foreign :
RM50.00/USD20.00 per month or part thereof if bill remains unpaid for more than 60 days after due date / first presentation.
Representation Commission
Local :
RM10.00 + 6% GST will be levied for each representation plus (actual cost + 6% GST).
Foreign :
RM10.00 will be levied for each representation plus actual cost.
Protest Charges
Local :
RM212.00 plus legal expenses
Foreign :
RM200.00 plus legal expenses
Other charges
Local :
RM5.30 on each bill dishonored after arrival of goods or for each representation after the due date.
Foreign :
RM5.00 on each bill dishonored after arrival of goods or for each representation after the due date.

4. Sending advise of dishonored advice to remitting bank

Commission
Local :
RM10.60 plus (actual direct cost incurred + 6% GST)
Foreign :
RM10.00 plus actual direct cost incurred
5. Redirecting documents
Commission
Local :
RM53.00 flat
Foreign :
RM50.00 flat
6. Checking documents
Checking fee
Min : RM53.00 (local)
Min : RM50.00 (foreign)
Min : RM100.00 (for LC received from Arab and Indian Continents)
Presentation with discrepancy/ies
Local :
RM31.80 per set of documents
Foreign :
RM30.00 per set of documents

Note:
A standard rated of 6% of GST will be charged for local transaction while zero rated for foreign transaction

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